Alaska Admin. Code tit. 8, § 45.185 – Corporate officers and members of limited liability companies

(a) For the purposes of AS 23.30.240, "owns" includes a person's ownership interest in a corporation or limited liability company as
1. (1) a beneficiary of a trust that owns a corporation or limited liability company;
2. (2) an owner of another corporation or limited liability company that owns a corporation or limited liability company.
(b) A person who is an executive officer of a corporation or a member of a limited liability company is not an employee under the Act if the person owns at least 10 percent of the corporation or limited liability company through the person's documented ownership interest in a revocable trust, corporation, or limited liability company.

(Eff. 1/10/2021, Register 237; am 2/24/2022, Register 241)

Authority: AS 23.30.005, AS 23.30.240